The funding is in the form of grants that are not paid back.
He added that the electronic issuance and collection contributed to reducing the costs of micro-insurance policies, which contributed to reaching a large segment of customers,
That is through the Ministry of Social Solidarity and civil associations to enhance the living conditions of beneficiaries.
Haya Karima initiative has dispensed loans worth L.E.844 million for small and micro enterprises since its launch in 2019.
The agreement was signed on June 22, 2020 and mainly targets youth and women.
The deal inked in January is subject to the endorsement of the president.
Gamea added Tuesday that 1.24 million micro-projects were funded during that period, providing more than 1.613 million job opportunities.